Strategy Shares Newfound/ReSolve Robust Momentum ETF
ROMO
Chicago Board Options Exchange- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4251 Salzedo Street, Suite 100 Coral Gables FL United States of America 33146
- IPO Date
- Nov 4, 2019
- CIK
- 0001506213
- Website
- strategysharesetfs.com
- Similar Companies
- Business
- Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) is an exchange-traded fund that employs a passive management investment approach designed to track the total return performance, before fees and expenses, of the Newfound/ReSolve Robust Equity Momentum Index. The fund, launched on November 1, 2019, invests at least 80% of its assets in the component securities of the index, operating as a fund of funds comprising typically one to five exchange-traded funds (ETFs); these include Regional Equity ETFs tracking U.S., developed international, and emerging market equity indices of companies across all market capitalizations traded on U.S. or foreign exchanges, as well as U.S. Treasury ETFs representing short-term (1-3 year) and intermediate-term (7-10 year) Treasury notes and bonds. Allocations to Regional Equity ETFs are determined by proprietary quantitative models incorporating momentum and trend-following factors evaluated over multiple time horizons relative to U.S. Treasury momentum, enabling up to 100% exposure to U.S. or developed international Regional Equity ETFs, up to 25% to emerging markets, or 100% to U.S. Treasury ETFs when equities show negative momentum and trend characteristics; the index rebalances weekly and reconstitutes annually in December. ROMO, managed by Rational Advisors, Inc., with David Miller as Lead Portfolio Manager and Charles Ashley as Portfolio Manager since inception, trades on the Cboe BZX Exchange under the ticker ROMO and is distributed by Foreside Fund Services, LLC. The fund targets investors seeking momentum-driven global equity exposure with defensive shifts to Treasuries, serving the moderately aggressive allocation segment; it maintains an expense ratio of 0.85% after waivers (total operating expenses capped at 0.75% excluding certain costs through August 31, 2026) and recorded a portfolio turnover rate of 204% for the fiscal year ended April 30, 2025. Assets under management stand at approximately $28-35 million, with holdings concentrated in top positions such as iShares Core MSCI EAFE ETF (developed international), iShares Core S&P 500 ETF (U.S.), and minor U.S. Treasury ETFs like iShares 7-10 Year Treasury Bond ETF and iShares 1-3 Year Treasury Bond ETF. Geographic operations span global markets through underlying Regional Equity ETFs focused on U.S., developed international (e.g., EAFE regions), and emerging markets; the index providers are Newfound Research LLC and ReSolve Asset Management SEZC (Cayman), with index calculation by Solactive AG. Rational Advisors, Inc., the investment advisor, is headquartered at 140 East 45th Street, 15th Floor, New York, NY 10017, with additional offices in Huntington, NY, and San Juan, PR. No major acquisitions, funding rounds, partnerships, name changes, or strategic shifts have been announced for ROMO or Strategy Shares in the last 1-2 years; the fund continues to adhere to its established index-tracking methodology amid a high portfolio turnover reflecting weekly rebalancing. Recent performance includes a year-to-date return of 1.39% as of June 30, 2025, and average annual returns before taxes of 20.55% (1-year), 4.98% (5-year), and 5.73% (since inception) as of December 31, 2024.